Full-service remodeling companies can respond to any kind of renovation need that a homeowner may have. Some, like The Remodeling Co., in Berkley, Mass., build from architects’ plans, others design their work in-house.
In the last three years, full-service remodeling companies have found themselves adapting to a market where even large projects are, in the words of Barry Fennell, director of remodeling services for Wardell Builders, a custom home builder in San Diego, “dollar-driven.” More competitors are bidding and budgets are tighter. “[Customers] want a mint on the pillow at the end of the day,” Fennell says, “and that’s what we have to deliver.”
Revenue at The Remodeling Co. took a steep drop in 2008 and 2009 — just over 50%. Owner Gary Moffie started a small-project division and took a close look at field and office operations to get more efficient. Right now Moffie expects to do more volume in 2011 — both large and small jobs — than he did before the recession. “The smaller [remodelers] have dropped out,” Moffie says, “but the big players are still around.”
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Key: 2011 Revenue(P)=projected; wh=whole-house remodeling; e=energy audits/retrofits; kb=kitchen & bath remodeling/additions; a=additions; r=roofing replacement; w=window & door replacement; s=siding replacement; bt=basement finishing; sr=sunrooms/screen rooms/solariums; ir=insurance restoration; c=contents & cleaning; h=handyman; cl=commercial; dk=decks; o=other, includes: accessibility; custom homes; electrical; fire protection; fireplaces; full design; flooring; gutters; historic restoration; home theater; HVAC; insulation; landscaping; masonry; outbuildings; outdoor living; painting; patios; plumbing; pools; porches; solar installation; seismic retrofits; waterproofing; wine cellars—REMODELING contributing editor Jim Cory is the editor of REMODELING’s sister publication, REPLACEMENT CONTRACTOR.